02 Nov 09
Practice Statement PS LA 2009/8 - in-house assets

The ATO has issued Practice Statement Law Administration PS LA 2009/8 entitled "The Commissioner's determination under s 71(1)(e) of the Superannuation Industry (Supervision) Act 1993 that an asset is not an in-house asset of a self-managed superannuation fund". The purpose of the Practice Statement is to outline the circumstances where the Commissioner would exercise his discretion to issue a determination that an asset is not an in-house asset.